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Old 04-02-10, 09:12 AM   #1
Jancouver
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Rock & Republic files for Bankruptcy

No wonder they didnt approve the UCI license.

I guess we wont be seeing R&R jerseys even at the local races

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NEW YORK, April 1 (Reuters) - Premium denim company Rock & Republic on Thursday said it filed for Chapter 11 bankruptcy protection.

The company, which sells its jeans and accessories in stores including Bergdorf Goodman and Bloomingdales, said it obtained $7.5 million in debtor-in-possession financing from CIT Group (CIT.N).

Rock & Republic has hired investment bank Atlas Strategic Advisors to help it recapitalize, subject to court approval, the company said.

Geoffrey Lurie, who previously headed The North Face's turnaround, will join Rock & Republic as chief restructuring officer, the company said. (Reporting by Elinor Comlay; Editing by Gary Hill)
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Old 04-02-10, 09:19 AM   #2
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oooo... may have to pick a kit up. Will make a nice "ironic" vintage kit someday.
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Old 04-02-10, 09:43 AM   #3
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Here to stay...or restructure.

Is R&R too big to fail?
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Old 04-02-10, 11:21 AM   #4
gsteinb
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Sounds like an economics discussion. Can we get a move to p&r?
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Old 04-02-10, 11:22 AM   #5
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Quote:
Originally Posted by Jancouver View Post
No wonder they didnt approve the UCI license.

I guess we wont be seeing R&R jerseys even at the local races

===================


NEW YORK, April 1 (Reuters) - Premium denim company Rock & Republic on Thursday said it filed for Chapter 11 bankruptcy protection.

The company, which sells its jeans and accessories in stores including Bergdorf Goodman and Bloomingdales, said it obtained $7.5 million in debtor-in-possession financing from CIT Group (CIT.N).

Rock & Republic has hired investment bank Atlas Strategic Advisors to help it recapitalize, subject to court approval, the company said.

Geoffrey Lurie, who previously headed The North Face's turnaround, will join Rock & Republic as chief restructuring officer, the company said. (Reporting by Elinor Comlay; Editing by Gary Hill)
anyone else find this ironic?

oh, and maybe professional cycling forum?
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Old 04-02-10, 12:46 PM   #6
KiddSisko
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Adbot strikes again!

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